Donate SIGN UP

State Pension Payments

Avatar Image
kenny1234 | 11:15 Wed 07th Apr 2021 | How it Works
68 Answers
My pension is paid to me weekly on a Monday. I have read that the day when it is paid is based on the last 4 numbers of a person's N.I. number
If that is the case I should be paid on a Tuesday!!??
Also--why are some people paid monthly? (in arrears)
Gravatar

Answers

61 to 68 of 68rss feed

First Previous 1 2 3 4

Best Answer

No best answer has yet been selected by kenny1234. Once a best answer has been selected, it will be shown here.

For more on marking an answer as the "Best Answer", please visit our FAQ.
KENNY, did you claim your pension after 6.4.2010?

If yes, your pay day is a Tuesday according to your NI Number but as your pension is paid in arrears, the end of your Benefit week is a Monday and that is the day it credits.
Jackdaw, only calendar monthly, not four weekly
That's what I meant. In a leap year monthly payments only cover 365 days, not 366.
Question Author
I started receiving pension before 2010----is that when the N.I.number system started?---if so my question has been answered.
That's when it was introduced for pensions.
Prior to that date, folk could have Monday, Tuesday or Thursday pay days depending on when they claimed or if they were widows.
Question Author
Thank you Corbyloon for the definitve answer.
One more for you----when did people start to have the choice of when they receive their pension (I prefer that title rather than benefit). I don'.t recall it
The weekly, four-weekly and thirteen-weekly options were introduced in April 2010.

It's been years since I was involved with State Pensions but when I started, pensions were normally paid weekly by order book or four-weekly into an account.

Some folk chose to have it go in every thirteen weeks but those who were entitled only to an amount below a specified amount, had to be paid annually.

I'm not sure why you were given the option to be paid weekly as the default would normally have been a four-weekly payment.

In theory, the Secretary of State (in the form of the person processing the claim) can allocate any pay day and period but in practice that doesn't happen.

I assume there must be criteria for agreeing to pay weekly rather than four-weekly, based on cost implications but I don't know what they are.
looks as though women entitled to married women's pensions should check they've been getting it

https://www.bbc.co.uk/news/business-56654665

61 to 68 of 68rss feed

First Previous 1 2 3 4

Do you know the answer?

State Pension Payments

Answer Question >>